Bruce Dern and Will Forte star in the father-son road-trip drama, which will premiere In Competition at the Cannes Film Festival in May.

The black-and-white film stars Dern as a moody old man who thinks he's won millions from a magazine sweepstakes. His son (Forte) reluctantly agrees to escort him on a road trip from Billings, Mo., to Lincoln, Neb. to seek out his winnings.

Nebraska could be a possible awards contender, and a November release date would put it in awards play. Payne's The Descendants (2011) was nominated for five Academy Awards and won for best adapted screenplay. Sideways (2004) also was nominated for five Academy Awards and won for best adapted screenplay.

Paramount also announced the theatrical release date for the Michael Bay-produced project Almanac. It will open Feb. 21.

The top-secret found-footage project has Bay's Platinum Dunes cohorts Andrew Form and Brad Fuller on board to produce.

Dean Israelite is set to make his feature directorial debut with the project, which was written by first-time writers Andrew Stark and Jason Pagan.